In light of the increasing constraints on health care resources, students learn to read and interpret cost-effectiveness studies, since economic analysis of medical treatments and public health interventions is becoming an increasingly common tool in health policy decision making. Introduces students to basic economic concepts that are needed in order to understand the recommendations from the United States Panel on Cost Effectiveness in Health and Medicine, such as the distinction between opportunity costs and budgetary costs. Students then review recommendations, particularly as they apply to what students should expect to read in cost-effectiveness research reports. Finally, students discuss the relationship between cost-effectiveness results and other elements of the health care policy decision making process.

Methods of Assessment:

Method of student evaluation based on practical exercises, class participation, and final paper.